300 Evergreen St · Mora, MN 55051

$149,900

1 bd · 1.0 ba · 833 sqft · SingleFamily public records · 15 Days on market

Built 1937 0.60 ac lot $180/sqft · 16% below area Est $292k · 49% under

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +21.3/30.0
• ARV discount +15.0/15.0
• Appreciation +8.1/10.0
• DSCR +6.8/10.0
• 1% rule +5.4/10.0
• Schools +4.3/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Welcome to this 2 bed/1 bath charming home on a large tree covered lot! Many thought out updates were recently completed on the home including full kitchen and bathroom remodels, refinishing of den/office/bedroom, some new windows, some exterior work, and more. A few more projects remain to be completed with your ideas in mind. Move in, enjoy, and update as you would like! The large lot has many mature trees for shade and privacy, and the garage is partially insulated for a nice work or storage space. Just minutes to town and Mora Lake makes for convenient shopping, dining, and recreation. This one won't last long!

Key facts

• 0.6 acre lot
• Garage
• Built 1937

Property features AI

Exterior

• Parking: Asphalt driveway; Detached or attached 1-car garage (23 x 22, 7' high by 8' wide door)
• Utilities: City water connected; City sewer connected; Natural gas service; 100 amp electrical service (East Central Energy)
• Home design: Residential property; One and one-half levels; Entry/main living on main level
• Construction: Block foundation; Asphalt roof (8 years old or newer)
• Exterior features: Tree coverage - heavy; City street frontage; Publicly maintained road

Interior

• Kitchen: Kitchen on main level; Washer/dryer hookup
• Bedrooms: Two bedrooms (one on main level, one on upper level)
• Flooring: Tile floors; Natural woodwork (trim/features)
• Bathrooms: One three-quarter bathroom (main level)
• Heating & cooling: Forced air heating; No central air
• Interior features: Natural woodwork; Tile floors; Informal dining room; Main floor bedroom; Partially finished basement with block construction
• Laundry & utility: Laundry located on lower level; Washer/dryer hookup

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $219 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $148k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.0% vs local median 4.0% in Mora — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 74/100 on livability (#207 in MN, #4,362 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A; Watch: employment D+, health & safety D+, amenities F.
• Mora Public School District (town): math 44% / reading 58% proficiency, ranked #115 of 301 in MN (top 38%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 108 active listings in the ZIP; 59 units permitted in Kanabec County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $10k of equity ($1k loan paydown + $9k appreciation (6.2% local appreciation)).
• Kanabec County population projected at -25% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (6.2% appreciation + 3.0% rent growth), your $42k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 15 days — a 2% lower offer ($148k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 9y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $118k; 27% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1937 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $147,651 (1.5% below list)

Questions for the listing agent

1. Built in 1937 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.04% ✓
• Cap rate: 8.04%
• Cash-on-cash: 6.25%
• DSCR: 1.28
• GRM: 8.0

CMA / ARV

• ARV (median comp): $291,840
• List price: $149,900
• Delta: -48.64%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

6.15% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 20.8%
• Equity multiple: 2.39×
• Total profit: $58,545
• Equity at exit: $95,650

10-year hold

• IRR: 19.9%
• Equity multiple: 4.84×
• Total profit: $160,977
• Equity at exit: $174,692

Cash invested: $41,972 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 46 Balanced
• State Minnesota: 46 Balanced · D+2
• County: — inherits STATE
• City: — inherits STATE

2024 reforms strengthened tenant protections; ramsey/hennepin courts paced moderate to slow.

Methodology + full state rankings →

ZIP-level market 55051

• Home prices YoY: 2.0%
• Active inventory: 108
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $1,558 medium
• Mortgage (P&I): −$786
• Tax from tax record: −$164 /mo · $1,964/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$327
• Net cashflow: $219

Break-even live

Break-even rent $1,281

Max offer price $149,900

Occupancy floor 81%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Listing history 25 events

1. 2026-06-17
   status $149,900 Pending 15 DOM
2. 2026-06-17
   days on market $149,900 Active 15 DOM
3. 2026-06-16
   days on market $149,900 Active 14 DOM
4. 2026-06-15
   days on market $149,900 Active 13 DOM
5. 2026-06-13
   days on market $149,900 Active 11 DOM
6. 2026-06-12
   days on market $149,900 Active 10 DOM
7. 2026-06-09
   days on market $149,900 Active 7 DOM
8. 2026-06-08
   days on market $149,900 Active 6 DOM
9. 2026-06-07
   days on market $149,900 Active 5 DOM
10. 2026-06-05
    days on market $149,900 Active 3 DOM
11. 2026-06-04
    statusdays on market $149,900 Active 1 DOM
12. 2026-06-02
    days on market $149,900 Coming Soon 20 DOM
13. 2026-06-01
    days on market $149,900 Coming Soon 19 DOM
14. 2026-05-31
    days on market $149,900 Coming Soon 18 DOM
15. 2026-05-31
    days on market $149,900 Coming Soon 17 DOM
16. 2026-05-13
    historical $149,900 432-char remark
17. 2020-09-21
    soldstatus $117,900 Sold 628-char remark

    Show marketing remark (628 chars)

    Welcome to this 2 bed/1 bath charming home on a large tree covered lot! Many thought out updates were recently completed on the home including full kitchen and bathroom remodels, refinishing of den/office/bedroom, some new windows, some exterior work, and more. A few more projects remain to be completed with your ideas in mind. Move in, enjoy, and update as you would like! The large lot has many mature trees for shade and privacy, and the garage is partially insulated for a nice work or storage space. Just minutes to town and Mora Lake makes for convenient shopping, dining, and recreation. This one won't last long!

18. 2020-09-21
    soldstatus $117,900

    Show marketing remark (628 chars)

    Welcome to this 2 bed/1 bath charming home on a large tree covered lot! Many thought out updates were recently completed on the home including full kitchen and bathroom remodels, refinishing of den/office/bedroom, some new windows, some exterior work, and more. A few more projects remain to be completed with your ideas in mind. Move in, enjoy, and update as you would like! The large lot has many mature trees for shade and privacy, and the garage is partially insulated for a nice work or storage space. Just minutes to town and Mora Lake makes for convenient shopping, dining, and recreation. This one won't last long!

19. 2020-08-21
    status Pending 628-char remark

    Show marketing remark (628 chars)

    Welcome to this 2 bed/1 bath charming home on a large tree covered lot! Many thought out updates were recently completed on the home including full kitchen and bathroom remodels, refinishing of den/office/bedroom, some new windows, some exterior work, and more. A few more projects remain to be completed with your ideas in mind. Move in, enjoy, and update as you would like! The large lot has many mature trees for shade and privacy, and the garage is partially insulated for a nice work or storage space. Just minutes to town and Mora Lake makes for convenient shopping, dining, and recreation. This one won't last long!

20. 2020-08-11
    historical Contingent - Inspection 628-char remark

    Show marketing remark (628 chars)

    Welcome to this 2 bed/1 bath charming home on a large tree covered lot! Many thought out updates were recently completed on the home including full kitchen and bathroom remodels, refinishing of den/office/bedroom, some new windows, some exterior work, and more. A few more projects remain to be completed with your ideas in mind. Move in, enjoy, and update as you would like! The large lot has many mature trees for shade and privacy, and the garage is partially insulated for a nice work or storage space. Just minutes to town and Mora Lake makes for convenient shopping, dining, and recreation. This one won't last long!

21. 2020-08-05
    listed $122,900 Active 628-char remark

    Show marketing remark (628 chars)

    Welcome to this 2 bed/1 bath charming home on a large tree covered lot! Many thought out updates were recently completed on the home including full kitchen and bathroom remodels, refinishing of den/office/bedroom, some new windows, some exterior work, and more. A few more projects remain to be completed with your ideas in mind. Move in, enjoy, and update as you would like! The large lot has many mature trees for shade and privacy, and the garage is partially insulated for a nice work or storage space. Just minutes to town and Mora Lake makes for convenient shopping, dining, and recreation. This one won't last long!

22. 2017-06-22
    soldstatus $79,900 Sold

    Show marketing remark (345 chars)

    Nice 2Br, 1Ba home with det. gar with workshop. Beautiful large yard of mature trees. Freshly painted home has Main floor Bedroom and Bath. Bright sunny dining/living space with great views of yard. Large upper floor bedroom with large closet. Full unfinished basement with laundry hookup. Great starter home in great location on edge of town.

23. 2017-06-22
    soldstatus $79,900

    Show marketing remark (345 chars)

    Nice 2Br, 1Ba home with det. gar with workshop. Beautiful large yard of mature trees. Freshly painted home has Main floor Bedroom and Bath. Bright sunny dining/living space with great views of yard. Large upper floor bedroom with large closet. Full unfinished basement with laundry hookup. Great starter home in great location on edge of town.

24. 2017-05-03
    status Pending

    Show marketing remark (345 chars)

    Nice 2Br, 1Ba home with det. gar with workshop. Beautiful large yard of mature trees. Freshly painted home has Main floor Bedroom and Bath. Bright sunny dining/living space with great views of yard. Large upper floor bedroom with large closet. Full unfinished basement with laundry hookup. Great starter home in great location on edge of town.

25. 2017-04-17
    listed $79,900 Active

    Show marketing remark (345 chars)

    Nice 2Br, 1Ba home with det. gar with workshop. Beautiful large yard of mature trees. Freshly painted home has Main floor Bedroom and Bath. Bright sunny dining/living space with great views of yard. Large upper floor bedroom with large closet. Full unfinished basement with laundry hookup. Great starter home in great location on edge of town.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast MN · Partial reset (capped growth)

• Current annual tax: $1,964 · $164/mo
• Projected year-2 tax: $1,964 · $164/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $18,697
• − Mortgage interest: −$8,397
• − Property taxes: −$1,964
• − Insurance: −$750
• − Repairs & maintenance: −$1,496
• − Management: −$1,496
• − Depreciation: −$4,361
• Taxable income: $234
• Est. tax owed @ 24.0%: −$56
• After-tax cash flow: $2,568/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Mora Public School District
• NCES district ID: 2721480
• Math proficiency: 44% ▼ -15.00%
• Reading proficiency: 58% ▼ -8.00%
• Median HH income: $46,788
• Composite: 43.26/100
• National rank: #3052
• State rank: #115 of 301 in MN

Livability — Mora

• Score: 74/100
• State rank: #207
• US rank: #4362

Category grades

Amenities F Commute F Cost of living A+ Crime A Employment D+ Housing A+ Health & safety D+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Mora, MN
• Population (ZIP): 9,927

Population outlook (Kanabec County) Hauer SSP2

• Today (2025): 14,998 people
• By 2030: 14,363 · -4.2%
• By 2040: 12,841 · -14.4%
• By 2050: 11,299 · -24.7%
• By 2075: 8,458 · -43.6%
• By 2100: 6,283 · -58.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Two or more races 4% Hispanic / Latino 1%
• Common ancestry: Portuguese 10% Scottish 5% Lithuanian 3%
• Foreign-born: 1%
• Languages at home: 97% English-only · German/W. Germanic 2% Spanish 1%

Political lean MEDSL · Kanabec

• 2024 margin: Solid R (+42.4) · D 28.1% · R 70.4% · Other 1.5%
• 2008→2024 swing: -33.7pp toward R · 2008: -8.7pp · 2024: -42.4pp
• All cycles: 2024: R+42.4 2020: R+37.9 2016: R+35.7 2012: R+9.0 2008: R+8.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 6.15%
• Current HPI: 313.18
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.41%
• F500 in state: 34

Industry mix (Fortune 500 HQ in MN)

Industry	F500 HQs	Revenue
▸Healthcare	2	$407B
▸Retail	2	$150B
▸Consumer Goods	2	$32B
▸Industrial Machinery	2	$6B
▸Agriculture	1	$40B
▸Healthcare / Medical Devices	1	$32B

Price history

+87.6% since first listed

12 events — show timeline

• 2026-06-17 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2026-06-03 Listed $149,900 NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-13 Coming Soon $149,900 NORTHSTARMLS as Distributed by MLS Grid
• 2020-09-21 Sold (Public Records) $117,900 Public Records
• 2020-09-21 Sold (MLS) $117,900 NORTHSTARMLS as Distributed by MLS Grid
• 2020-08-21 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2020-08-11 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2020-08-05 Listed $122,900 NORTHSTARMLS as Distributed by MLS Grid
• 2017-06-22 Sold (Public Records) $79,900 Public Records
• 2017-06-22 Sold (MLS) $79,900 NORTHSTARMLS as Distributed by MLS Grid
• 2017-05-03 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2017-04-17 Listed $79,900 NORTHSTARMLS as Distributed by MLS Grid

Property tax history

+5.2%/yr

Latest (2025): $1,964 · -3.4% YoY. Source: county tax records.